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Considerations Regarding The Evolution Of European Funds Absorption In Romania

Author

Listed:
  • IOANA TATIANA STANESE

    (LUCIAN BLAGA UNIVERSITY OF SIBIU)

  • IONUT - GHEORGHE CARAUS

    (LUCIAN BLAGA UNIVERSITY OF SIBIU)

  • MADALINA CARAUS

    (LUCIAN BLAGA UNIVERSITY OF SIBIU)

  • GABRIELA DOBROTA

    (UNIVERSITY CONSTANTIN BRANCUSI OF TARGU JIU)

Abstract

This paper analyzes the evolution of the absorption of European funds in Romania reported to the closure period of the operational programms related to the European Union cohesion policy during the years 2007 – 2013. This programming period officially concluded only at the end of year 2015. Considering the financial aspects of the 2007 - 2013 programming period for European funds the analysis focuses exclusively on the Structural and Cohesion Funds and the absorption rate of these funds in Romania, namely 90.44%, recorded in March 2017. Nearly 3 years from the start of the new programming period 2014-2020 related to the European Union’s cohesion policy, there is a direct link between the quality of public administration’s activity and the application of the principle of investment programming. Despite a slow and difficult start, we can observe an accelerated trend over the last few hundred meters. Identifying priority projects at national and regional level, followed by a alteration and adaptation of strategic documents such as National Reform Programs, could be a solution for Romania to gain a more rigorous planning that leads to a higher and faster absorption of European funds in the current programming period 2014-2020.

Suggested Citation

  • Ioana Tatiana Stanese & Ionut - Gheorghe Caraus & Madalina Caraus & Gabriela Dobrota, 2017. "Considerations Regarding The Evolution Of European Funds Absorption In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 180-186, December.
    • Handle: RePEc:cbu:jrnlec:y:2017:v:1special:p:180-186
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    References listed on IDEAS

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    2. CGIAR Research Program on Agriculture for Nutrition and Health, 2016. "A4NH 2015 annual report," Annual reports 2016a4nh, International Food Policy Research Institute (IFPRI).
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